Proparco, Si Advisers LLP ('Si') and IFU have signed an agreement to provide growth capital to Global Tea & Commodities (‘Global Tea’), a tea, coffee, and macadamia business with operations in Kenya and Malawi.

Proparco has just signed a $10 million Trade Finance Guarantee with Ecobank Malawi. The Guarantee will enable the bank to secure confirmation lines on Letters of Credit for importation of strategic commodities such as fertilizers, basic foodstuffs and strategic raw materials. It will thus help to facilitate the development of Trade relations between Malawian importers and international exporters – a crucial enabler for Malawi's economic growth!